Bayfield Ventures Corp BYVVF

Market Cap!!

[diabase1]

I believe the market cap for BYV is around $28.5M. If this is the case, then BYV is extremely undervalued. Even if a PEA came in at 0.5 Moz eq gold (with silver credits added), with a $800 net, that would give a value of at least $400M. Divide $400M by the number of shares outstanding (~74M shares) and what does that give for a share price??

There are very few fund, institutional holders of BYV.

Is there something that I'm missing?? Results seem to indicate 2 separate mineralized zones.

Comments please!!

[dutchy31]

Diabase, i think you are a little wrong with the $ 800 net. In my opinion the gold value "in the ground" it goes as follows:  Inferred: Based on the minimal amount of drilling, just enough to come up with an outline. ? M&I: Also stands for Measured and Indicated. This relates to operations that have experienced a larger amount of drilling, enough to offer reasonably confident

[diabase1]

Thanks Dutchy31, I appreciate your response. I know all about the measured, indicated, probable, possible etc etc. All I was trying to say is, what if one speculates!! If a PEA came in with ~0.5M oz eq (Au + Ag), even with a $800/oz Au net profit, that would value the deposit at ~$400M. With 74M shares outstanding, that would suggest a $5.40 share price. I was just trying to play